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Acetic Acid Market Share, Size, Analysis, Regional Outlook, Growth, Trends and Forecasts to 2022 | Hexa Research
“Global acetic acid market to be valued at more than $13 billion in 2022�
2 May 2019, According to a recent study conducted by Hexa Research, global Acetic Acid Market will be valued at more than $13 billion in 2022. Growing demand for applications like Purified Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) will contribute to this growth. PTA is increasingly being consumed for manufacturing polyester, which is an important constituent of the textile and packaging industries. PTA is expected to witness the fastest growth with a CAGR of more than 4.9% from 2015 to 2022. The total global acetic acid demand for PTA was more than 2,450 kilo tons in 2014, which is li kely to rise to more than 3,750 kilo tons in 2020. VAM is utilized in the manufacture of chemicals like EVA and EVAC. There is growing consumption of these chemicals in the solvents and adhesives industry, leading to rising demand for VAM. Demand for acet ic acid in VAM was more than 3,500 kilo tons in 2014. This application segment is expected to grow at a CAGR of more than 3.9% from 2015 to 2022. VAM will be increasingly demanded by developing economies like China, India and Brazil, consequently leading to growth of acetic acid market in future. Request a Sample Copy of this Report @ https://www.hexaresearch.com/research-report/acetic-acidindustry/request-sample
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